Social Studies, 09.07.2020 05:01 asiaemerlle

All the following statements regarding reinsurance are correct EXCEPT: A. The insurer accepting some of the risk being transferred from another insurer is known as the reinsuring company.

B. The insurer seeking to transfer some of its risk to another insurer is known as the ceding company.

C. Reinsurance is a risk-sharing process used by insurance companies.

D. Claims are paid to the policyowner separately by each insurer participating in the reinsurance agreement

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All the following statements regarding reinsurance are correct EXCEPT: A. The insurer accepting som...